BPCL Fourth Quarter Net Profit Up 45 Per Cent At Rs 2,674 Cr

Bharat Petroleum Corp (BPCL), the nation’s second-largest fuel retailer, today posted a 45 per cent jump in net profit for the quarter ended March 2018 at Rs 2,674 crore on a standalone basis as compared to Rs 1,842 crore reported for the same quarter previous fiscal.

Total income of the company during the quarter also rose 15.31 per cent to Rs 76,900 crore from Rs 66,686 crore in the corresponding quarter, the firm said in a Bombay Stock Exchange (BSE) filing.

The company’s Gross Refinery Margin (GRM) for the quarter ended March 2018 stood at $6.51 per barrel as compared to $6.01 per barrel recorded in the corresponding quarter a year ago. Read More